19 August 2008
The silver has arrived
Well, in case any of you are really wondering what almost $600 worth of silver looks like, here it is:
Don’t try to steal it. It’s in a safe place. And no, I did not have it surgically implanted inside my abdomen, so don’t look there … please. I ordered two 10 oz bars, which strangely weigh in at 10.9 ounces on my scale. I also ordered 10 of the US Silver dollars which each weigh 1 ounce. The coins were slightly more expensive per ounce, but I believe are better for resale and possible collectors items. It’s kind of funny that these 2008 coins have a face value of $1.00 but are worth around $16 each.
Too bad that it’s not gold. Then instead of $600, I’d be looking at around $24,000. That is what’s crazy.
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2 Comments currently posted.
mbhunter says:
Why does my 10-ounce silver bar weigh more than 10 ounces? | Mighty Bargain Hunter says:
[...] Thanks for visiting!As I was surfing around some other money blogs I ran across an investor who just bought some silver. He weighed a 10-ounce silver bar and found that "strangely" it weighed 10.9 [...]
Ten troy ounces weigh 10.97 avoirdupois (”regular”) ounces.
I love the silver eagles myself.